Posts Tagged ‘coal’

Fitch gives Mississippi Power ‘negative’ outlook; cites Kemper costs

by MBJ Staff Published: August 21,2012

Tags: bond, coal, construction, credit rating, debt rating, electricity, energy, power, Power plant, rating, utility

GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. […] [...]

Could better interest rates, sales offset Kemper plant cost overruns?

by Associated Press Published: August 7,2012

Tags: byproducts, coal, construction, cost overrun, electricity, energy, interest rate, plant, power, ratepayer, sales, state agency

KEMPER COUNTY — Lower interest rates and higher sales of byproducts could allow Mississippi Power Co. to make up for higher costs at the power plant it’s building in Kemper County. Officials say customers won’t have to pay more to cover the plant’s cost, which has risen from $2.4 billion to more than $2.8 billion. […] [...]

PSC could rule on Mississippi Power rate-hike request today

by Associated Press Published: June 22,2012

Tags: coal, electric, electric generation, electricity, power, power generation, Power plant, rate, ratepayer, state agency, utility

KEMPER COUNTY — A rate increase for Mississippi Power Co. customers could be approved today. The Mississippi Public Service Commission will consider a request by the company to raise rates by $58.6 million over the last six months of 20102. That money would start paying debt costs for the $2.76 billion coal-fired power plant the […] [...]

Mississippi Power’s Kemper plant running $366M over budget

by Associated Press Published: June 13,2012

Tags: budget, coal, construction, construction coasts, costs, diistribution, electric generation, electricity, energy, power

KEMPER COUNTY — As the Mississippi Business Journal’s Clay Chandler reported last week, Mississippi Power Company has told regulators the power plant it is building in Kemper County is $366 million over budget. The overrun would push the total cost of the coal-fired power plant being built by the unit of Atlanta-based Southern Co. to […] [...]

Environmentalists back in court to fight Kemper coal plant

KEMPER COUNTY — Environmentalists have gone back to court with their continued opposition to construction of a coal power plant in east Mississippi. In the latest court filing in Harrison County Chancery Court, the Sierra Club of Mississippi wants the plant’s builder, Mississippi Power Co., to assume the risk of construction while the appeal proceeds. […] [...]

PSC gives new approval to controversial Kemper power plant

KEMPER COUNTY — The Mississippi Public Service Commission has given new approval for Mississippi Power Co.’s coal-fired power plant in Kemper County, pushing aside opponents call for a fresh look at the plant’s finances. The commission voted 2-1 to approve the $2.4 billion plant today. Southern District Commissioner Leonard Bentz and Central District Commissioner Lynn […] [...]

Kemper deadline met, PSC mull proposed orders

Last Monday was the deadline for parties to submit proposed final orders related to Mississippi Power Company’s lignite coal-fired generation plant in Kemper County. Joining longtime adversaries MPC and the Mississippi chapter of the Sierra Club was Florida-based Entegra Power Group, which markets electric power from natural gas-fueled plants to wholesale customers. In their submissions, […] [...]

PSC gives temporary approval to Kemper coal plant construction

by Associated Press Published: March 30,2012

Tags: coal, construction, courts, electricity, energy, Power plant, state agency, utility

JACKSON — Utility regulators say Mississippi Power Co. can continue temporarily to build its Kemper County coal-fired power plant. In a meeting today that lasted less than a minute, the state Public Service Commission voted 2-1 to give temporary construction authority to the unit of Atlanta-based Southern Co. The vote came weeks after the state […] [...]

Regulators meeting now to consider Kemper coal plant construction

JACKSON — State utility regulators are in session now (Friday) in Jackson to consider issuing a temporary certificate sought by Mississippi Power Co. to continue work at its Kemper County coal-fired power plant. They began at 9 a.m. The Mississippi Supreme Court ruled March 15 that the Public Service Commission failed to lay out its […] [...]

(UPDATED) PSC wants proposals from MPC, Sierra Club on Kemper plant

>> SEE UPDATE AS OF THURSDAY MORNING …. KEMPER COUNTY — State utility regulators have asked Mississippi Power Co. and the Sierra Club to submit proposals on how to proceed with the Kemper County coal-fired power plant. The Mississippi Supreme Court ruled March 15 that the Public Service Commission failed to lay out its reasoning […] [...]

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